Category: Heavy Industry
Heavy Industry market research reports by Oxford Economics
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Analysis by Region - Europe
Analysis by Region - Europe We forecast Turkmenistan's GDP growth will pick up to 4.1% in 2025, an improvement from recent years. Stabilising natural gas prices and stronger-than-expected population growth will be the main growth drivers next year as the economy strengthens from several years of ... Read More
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Macro - Country Economic Forecasts - Virgin Islands (US)
Macro - Country Economic Forecasts - Virgin Islands (US) We upgraded our 2025 GDP forecast for the US Virgin Islands by 1.3ppts to 2.7% y/y. This is to reflect the significant investment and funding of infrastructure that the territory is set to receive in the upcoming year. ... Read More
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Macro - Country Economic Forecasts - Solomon Islands
Macro - Country Economic Forecasts - Solomon Islands We have revised up our 2024 GDP growth forecast for the Solomon Islands by 0.1ppts to 2.3%, still below the Asia Pacific average of 3.9%. We expect similar levels of growth through 2025, as large infrastructure projects outlined in the Solomon' ... Read More
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Macro - Country Economic Forecasts - Kiribati
Macro - Country Economic Forecasts - Kiribati We expect Kiribati's GDP will grow by a modest 0.9% next year, following strong growth of 3% in 2024. The positive growth effects of a 38% rise in public sector wages in 2024 is expected to taper off next year. Kiribati's economic performance con ... Read More
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Analysis by Region - Emerging Markets - Niger
Analysis by Region - Emerging Markets - Niger The 2,000-km Niger-Benin Oil Export Pipeline is anticipated to transform Niger into a significant regional oil producer. Boasting a capacity of 110,000 barrels per day (bpd), the pipeline continues to make headlines – for all the wrong reasons. The pipel ... Read More
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Analysis by Region - Emerging Markets - Sierra Leone
Analysis by Region - Emerging Markets - Sierra Leone Weak economic institutions, persistent cost-of-living crises, and high susceptibility to external shocks hinder sustained economic growth in Sierra Leone. Nevertheless, easing inflation should bolster government spending and private sector activit ... Read More
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Analysis by Region - Emerging Markets - Croatia
Analysis by Region - Emerging Markets - Croatia We've kept our 2024 GDP growth forecast for Croatia at 3.5% but revised down our 2025 GDP forecast by 0.2ppts to 1.8%. Our downgrade reflects the planned large hike in energy prices early next year that will cause real income growth to slow down co ... Read More
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Macro - Weekly Briefings - Eurozone
Macro - Weekly Briefings - Eurozone Data releases this week show that eurozone momentum remains weak. The October composite PMI is still in contractionary territory, though marginally. France's composite PMI deteriorated over the month, whereas Germany posted a gain for the first time since May. ... Read More
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Analysis by Region - Emerging Markets - Congo Republic
Analysis by Region - Emerging Markets - Congo Republic Congo's average oil production declined to 259,000 bpd in the first nine months of the year from 275,300 bpd in the same period in 2023. We now project a sharper 4.0% reduction in Congo's average oil output for 2024 (-3.1% estimated prev ... Read More
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Analysis by Region - Africa - Algeria
Analysis by Region - Africa - Algeria During the past quarter, Algeria's President Abdelmadjid Tebboune won the presidential election by a landslide. He once again repeated some of his very ambitious economic plans in his address to the nation. Given Algeria’s dependency on the hydrocarbon secto ... Read More
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Analysis by Region - Emerging Markets - Botswana
Analysis by Region - Emerging Markets - Botswana Botswana’s diamond industry has continued to struggle after a poor start to the year: it contracted by 6.5% q/q in Q2, after a sharp decline of 16.6% q/q in Q1 2024. Recent diamond sales and export data have also revealed a concerning downward trend, ... Read More
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Analysis by Region - Emerging Markets - Namibia
Analysis by Region - Emerging Markets - Namibia Following a strong start to the year in Q1, economic growth slowed in Q2 2024 due to weaker mining and agricultural output. Softer demand for Namibia's commodity exports and the devastating local drought took their toll. The outlook for mining is m ... Read More
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Macro - Weekly Briefings - Eurozone
Macro - Weekly Briefings - Eurozone Despite a small respite from positive German industrial production numbers in August, most economic indicators in Europe continue to point to a persistent lack of momentum. Near-term prospects remain muted, as Europe's largest economy remains mired in a slump. ... Read More
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Macro - Weekly Briefings - Eurozone
Macro - Weekly Briefings - Eurozone The eurozone's disinflation process reached an important milestone this week as inflation dipped below 2% for the first time in over three years. The details reinforced indications of a soft inflation print, and significantly, a quick cooling in services infla ... Read More
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Macro - Country Economic Forecasts - Iraq
Macro - Country Economic Forecasts - Iraq We've raised our 2024 GDP growth forecast for Iraq by 0.6ppts to 2.5%. We mainly attribute our upward revision to the overproduction of oil since January, supported by expansionary fiscal policy. But we've lowered our forecast for 2025 to 2.8% from 3 ... Read More
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Macro - Country Economic Forecasts - Estonia
Macro - Country Economic Forecasts - Estonia Estonia's economy didn't shrink for the first time in more than two years in Q2, which indicates that the years-long recession has likely ended. The stagnation in Q2 and our forecast of soft growth in Q3 and Q4 will likely result in a mild GDP con ... Read More
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Macro - Weekly Briefings - Eurozone
Macro - Weekly Briefings - Eurozone In a week of few major data releases, the fall in the Sentix index for a third consecutive month in September sounded another downbeat note for the near-term outlook in the eurozone. The fall is particularly large in Germany, where sentiment has fallen to levels n ... Read More
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Macro - Country Economic Forecasts - Latvia
Macro - Country Economic Forecasts - Latvia We've cut our 2024 GDP growth forecast for Latvia by 1.2ppts to just 0.6% since our last update in June. We attribute our downward revision primarily to a large growth disappointment in Q2, when the economy shrank by 1.1% q/q, posting the largest contr ... Read More
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Macro - Weekly Briefings - Eurozone
Macro - Weekly Briefings - Eurozone We think this week's data releases cement the case for the ECB to cut rates in September. Key among them is today's flash inflation for August, which came in at 2.2%, adding to the large drop in negotiated wages from last week. Together with recent communi ... Read More
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Analysis by Region - Emerging Markets - Costa Rica
Analysis by Region - Emerging Markets - Costa Rica We've nudged up our forecast for Costa Rica's GDP growth this year by 0.2ppts to 3.7% as investment figures surprised to the upside in Q2 2024. However, consumption has slowed down amid lower growth in real incomes and higher unemployment. M ... Read More
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Macro - Weekly Briefings - Eurozone
Macro - Weekly Briefings - Eurozone Flash PMIs improved over the month in August, stopping the series of subdued surveys published recently. But this was primarily due to the impact of the Paris Olympics on the French services PMI, which reached its highest level in more than two years. ... Read More
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Macro - Weekly Briefings - Eurozone
Macro - Weekly Briefings - Eurozone Survey data continue to paint the disappointing picture that eurozone sentiment and activity growth are deteriorating. A second consecutive monthly fall left the Sentix measure at a seven-month low in August. The final PMIs for July still suggest eurozone growth n ... Read More
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Macro - Country Economic Forecasts - Ukraine
Macro - Country Economic Forecasts - Ukraine The severe energy shortages and the intensifying war, accompanied by a new wave of mobilisation, have dampened Ukraine's economic recovery to only 1.1% y/y of GDP growth in June, from 3.7% y/y in May. But due to stronger growth in Q1, GDP reached a de ... Read More
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Macro - Weekly Briefings - Eurozone
Macro - Weekly Briefings - Eurozone This week's flash PMIs provided more evidence that the eurozone recovery ran out of steam before it began. The eurozone composite PMI sunk in July to a level consistent with stagnation and a contraction in Germany and France. This was reinforced by national se ... Read More
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Macro - Country Economic Forecasts - North Korea
Macro - Country Economic Forecasts - North Korea We estimate that North Korea GDP in 2023 turned positive for the first time in three years, thanks to a sudden increase in ammunition sales to Russia and non-state armed actors. That said, we still expect North Korea's economic outlook to remain c ... Read More
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